Ignis Petroleum Appoints Shawn L. Clift as Chief Financial Officer

Ignis Petroleum Appoints Shawn L. Clift as Chief Financial Officer

Ignis Petroleum Group, Inc. announced the appointment of Shawn Clift as Chief Financial Officer. Ms. Clift will be responsible for strategic planning, forecasting and budgeting, financial management, SEC and financial reporting and capital sourcing. She will serve as a member of Ignis’ senior management team.

Shawn has over 20 years experience in finance and accounting, most recently as Vice-President of Finance at CDX Gas, LLC in Dallas. She has served on their executive team to secure financing for the company and assisted in the private equity acquisition. At Amerada Hess, she was responsible for International Oil and Gas Accounting Controls in their New York City office. Ms. Clift was responsible for GAAP compliance, oversight of international financial analysis and financial reporting. She has been responsible for financial planning and analysis, policies and procedures, treasury functions, partnerships and corporate tax reporting. Shawn began her career as an accountant, and held the position of Controller for ten years for two Denver-based private oil and gas companies. Shawn holds a B.S. in Accounting (Cum Laude) from Regis University in Denver, Colorado.

Michael P. Piazza, Ignis’ Chief Executive Officer, said, “I am extremely pleased to have Shawn join the Ignis management team. While our current CFO, Timothy Hart, has performed well in his consultant capacity, it was time for a full-time in-house Chief Financial Officer. I expect Ignis to benefit significantly from Shawn’s presence and her more than 20 years experience with oil and gas industry accounting and reporting.”

About Ignis Petroleum

Ignis Petroleum Group, Inc. is a Dallas-based oil and gas production company focused on exploration, acquisition and development of crude oil and natural gas reserves in the United States. The Company’s management has closely aligned itself with strategic industry partnerships and is building a diversified energy portfolio. It focuses on prospects that result from new lease opportunities, new technology and new information. For further information, visit www.ignispetro.com.

Safe Harbor for Forward-Looking Statements

This release contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in oil and gas exploration, the need to obtain additional financing, the availability of needed personnel and equipment for the future exploration and development, fluctuations in gas prices, and general economic conditions.

For Investor & Media Inquiries, contact: Patty Dickerson Vice-President External Affairs 214-459-3193 866-67-IGNIS (866-674-4647)


SOURCE: Ignis Petroleum Group Inc

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